Computing Cost of Sales and Ending Inventory

Howell Company has the following financial records for the current period.

Computing Cost of Sales and Ending Inventory Howell Company has the following financial records for the current period Beginning Inventory Purchases: #1 #2 #3 Units Unit Cost $100 96 92 90 150 600 500 250 Ending inventory is 350 units. Compute the ending inventory and the cost of goods sold for the current period using (a) first-in, first out, (b) average cos goods sold = Cost of goods available for sale less ending inventory.) (a) First-in, first-out Ending inventory $ Cost of goods sold $ (b) Average cost Ending inventory $ Cost of goods sold $ (c) Last-in, first-out Ending inventory $ Cost of goods sold $